Monticello School District Foundation
- Assets
- $1.9m
- Revenue
- $148.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Monticello, IA
- Founding
- 09/1988
- Data as of
- 12/2021
- EIN
- 42-1313635
Organization Overview
Monticello School District Foundation is located in Monticello, IA. The organization was established in 1988. According to its NTEE Classification (B25) the organization is classified as: Secondary & High Schools, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Monticello School District Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Monticello School District Foundation generated $148.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $3.3k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH A PERPETUAL FUND FOR THE BENEFIT OF THE MONTICELLO SCHOOL DISTRICT AND USE INVESTMENT INCOME THEREFROM FOR SCHOOL EQUIPMENT & IMPROVEMENTS AND DISTRIBUTE SCHOLARSHIPS TO STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL BANQUET/AUCTION
GOLF TOURNAMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Phil Hanna Vice-President | Officer | 2 | $0 |
Marcia Fischer Treasurer | Officer | 3 | $0 |
Annette Smith President | Officer | 3.5 | $0 |
Brian Gogel Secretary | Officer | 3.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $31,971 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $32,434 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $64,405 |
| Total Program Service Revenue | $0 |
| Investment income | $51,003 |
| Tax Exempt Bond Proceeds | $16,625 |
| Royalties | $0 |
| Net Rental Income | $3,882 |
| Net Gain/Loss on Asset Sales | $12,235 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $148,150 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,518 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,370 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $38,461 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $323,000 |
| Investments—publicly traded securities | $1,563,821 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,925,282 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,765,282 |
| Net assets with donor restrictions | $160,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,925,282 |
Grants Awarded
Over the last fiscal year, Monticello School District Foundation has awarded $72,890 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MONTICELLO SCHOOL DIST PURPOSE: EQUIP/CIRRICULUM | $59,165 |
MONTICELLO SCHOOL DIST PURPOSE: ACADEMIC | $13,725 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Monticello School District Foundation has recieved totaling $26,991.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of East Central Illinois Champaign, IL PURPOSE: GENERAL SUPPORT | $26,986 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Yeshivas Kesser Yonah Chicago, IL | $9,411,885 | $10,390,976 |
Marshall School Duluth, MN | $17,596,979 | $9,866,357 |
Spectrum High School Elk River, MN | $6,267,072 | $9,361,830 |
Minnesota State High School League Brooklyn Center, MN | $6,775,860 | $10,103,240 |
Missouri State High School Activities Association Columbia, MO | $6,937,153 | $7,413,046 |
Beacon Academy A Montessori High School Evanston, IL | $6,232,580 | $6,955,534 |
Chicago Hope Academy Chicago, IL | $40,014,679 | $17,748,373 |
Southwest Christian High School Inc Chaska, MN | $31,591,589 | $9,167,996 |
Providence St Mel School Chicago, IL | $98,454,200 | $9,264,028 |
Wolcott School Chicago, IL | $18,762,052 | $6,318,898 |
Wayland Academy Beaver Dam, WI | $38,778,158 | $5,826,900 |
Northridge Preparatory School Inc Niles, IL | $7,494,947 | $7,595,977 |